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Wednesday, June 10, 2009

Stocks In News Today


HDFC, ING Vysya Bank, Merck, HCC
  • No stimulus package for aviation
  • Decision on allowing foreign airlines to invest in Indian aviation soon
  • See Air India IPO happening by second half of 2010

ED says: ATR on stock market scam:
  • Further probing Ketan Parekh's role in Satyam as part of scam
  • Closes case against Balaji Tele; drops all charges against GTB
  • No violation of FEMA for Nirma, GTL, Cadila, Aftek Infosys and Kopran
  • Investigations still underway for Ranbaxy & Pentamedia graphics
  • Probing FEMA violation in Satyam for last 5 years
  • Wants adjudication complete against Zee Tele by June end

Other stocks that are in news today:

HDFC to raise Rs 4,000 crore via NCDs, Detachable Warrants to QIBs (price of warrants to be decided at time of issue, maximum equity dilution on conversion will be 3.5% of expanded capital)

Sources say ING may be looking to sell out of ING Vysya Bank

Commerce Secretary says case for import curbs on Chinese Steel now: NW18

Exclusive: Tata Motors asks vendors to start setting up assembly lines at Sanand: sources
HCC promoters not to convert 75 lakh warrants ((issued at Rs 202.50 in December 07, CMP Rs 117))

Merck buy back up to Rs 435/sh, opens today ((CMP Rs 389))

Shri Lakshmi Cotsyn board approves Rs 1200 crore capex plan, preferential issue of 25 lakh warrants

Board meets: Asian Electronics on fund raising

Ex-dividend: SBI @ Rs 10

Tax sops for EoUS, STPIs to stay till 2013 – ET (To benefit RIL and technology companies)
Aro Granite buy back at a price not exceeding Rs 55/sh ((CMP: 45))

Indian ADRs: Satyam up 34% ((10% circuit on Indian exchanges)), Wipro up 5%, Infosys up 4%, HDFC Bank up 3%

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